Which is the cheapest RECOGNISED motor insurance company surrounded by Saudia??
Answers: Im not sure about prices but I like to stick to companies approaching Al-Ta'awuniyyah, Medgulf, and Ayak
I wouldn't dance for the cheapest if I were you.
I have have excellent experience with Ta'awuniyyah and right now I am waiting for my contract beside Jemeel, which came as part of bundle when I bought my new car, to closing so I can re-new.
are you sure you want to go for the cheapest company?
there are different rates for the companies, the difference is not that big, but the difference surrounded by service is.
the rate of the insurance is one thing, but its reliability is totally different thing (to receive them pay back what they promised)
insurance companies get so many tricks to go out of situation, and you will be beneath the mercy of police report. usually, the cheap ones gives you trouble in paying off.
from experience i have so comfortable with Ta'awinyah and my driver have an accident last year. The other participant escaped though injured, and the police report had some gaps, and it be not clear who did the accident and why escaped. i thought the insurance will refuse to wages any claims.
at the end, it was salaried so smoothly without any complications .. or delay. They standard my hand written explanation attached to the police report.
I was so delighted with the way they handle the transaction.
i do the following to avoid higher cost:
- first, insurance is so important, not to cover the small damages, but the big trouble ones.
- i.e. i dont want to termination up in a lifetime debt or end up minus a car
- in insurance, you can opt to have zero deductables or superior amount.
zero means contained by case of accident, you don't repay anything, but your insurance cost is higher.
i select deductable of SR 1000, so my insurance cost goes so much smaller number. But, in case of coincidence, i will pay the first SR1000.
now, i find this risk the best. most likely you won't need the insurance at adjectives. so why go for the higher policy? I a bit pay it if an accident happen rather than upfront. and in skin of a big damage, then the SR1000 is a small cost anyhow.
There are other ways to muffle the cost:
- Let's say if the car souk value is SR50,000 . you can estimate it as SR 40,000. Only if a total damage happen, then they will pay 40,000. Yes, we seize less, but at least something that can receive you a car.
- You can decide, to own it repaired at agent or at normal workshops. This is a big saver. Depending on what type of motor (complex or simple to repair), its age, you might decide you don't want the 5 stars agent service. Yes, this option might not furnish you the perfect solution, but it will be a compromise, and a discount for you.
So, if you want to save money, run to the best most repliable car insurance, then find ways to rescue money. If you go to the cheap ones, you might end up paying especially high price at the end.
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